forfeiture has definitions from the field of business
1
[ noun ] (business) a penalty for a fault or mistake that involves losing or giving up something

Synonyms

forfeit

Examples

"the contract specified forfeits if the work was not completed on time"

Related terms

penalty forfeit

2
[ noun ] something that is lost or surrendered as a penalty;

Synonyms

forfeit

Related terms

loss forfeit

3
[ noun ] the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.

Synonyms

sacrifice forfeit

Related terms

act sacrifice

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